Daily Archives: September 12, 2013

Global Consistency in Financial Regulation: Is the glass half full, half empty, or just more transparent? Remarks by Wayne Byres, Secretary General, Basel Committee on Banking Supervision, at the RiskMinds Risk and Regulation Forum, Nice, France, 10 September 2013: “…bankers are somewhat despondent, lamenting gaps and inconsistencies, while regulators are focusing on the good and steady progress that has been made. We are looking at the same objective facts, so when it comes to the consistency in the implementation of global regulatory reforms, should we see the glass as half full or half empty? And what is our benchmark when we say that things are getting better or worse? When we look at prudential and regulatory outcomes, how much of any problem is caused by regulators, and how much stems from banks themselves? I plan to offer some thoughts on these questions in my remarks this morning.”

“The role of location in digital life is changing as growing numbers of internet users are adding a new layer of location information to their posts, and a majority of smartphone owners use their phones’ location-based services. A new survey by the Pew Research Center’s Internet Project sheds light on three major aspects of how… Continue Reading

“The Court of Appeals for the Ninth Circuit has upheld a lower court ruling against Google in a case arising out of the Street View interception of private Wi-Fi communications. The lawsuit alleges that Google’s ongoing interception of Wi-Fi payload data through its Street View program violated several laws, including the federal Wiretap Act. The court rejected… Continue Reading

EFF: “Acxiom, a data broker that collects 1,500 data points per person on over 700 million consumers total and sells analysis of such information, is trying to ward off federal privacy regulations by flaunting transparency—a diluted term, in this case—around user data. The company just launched AboutTheData.com, a site that will let users see and edit some information that Acxiom has about… Continue Reading

Kaiser – “About half the births in the United States are paid for by Medicaid — a figure higher than previous estimates – and the numbers could increase as the state-federal health insurance program expands under the Affordable Care Act, according to a study released Tuesday. All pregnant women with incomes below 133 percent of the federal… Continue Reading

“This report has been prepared to assist government executives in understanding one of the most complex bureaucratic processes in government: the federal procurement system. Understanding this system is one of the key ingredients to a successful tenure in government. In the past, some government executives have run into significant issues related to a lack of… Continue Reading

Elmer Masters: “Law School News. You can check it out at http://lsn.symphora.com/. In a nutshell it’s a site that aggregates RSS/Atom news feeds from just over 100 law schools in the US. There are more details about how it got built and what’s there on my blog at http://elide.us/2L.” Continue Reading

“Like many illegal activities, money laundering is undergoing a revolution of sorts. That’s because technology, from online casinos and social media websites to the introduction of digital currencies, is offering alternative pathways for criminals to launder illegal profits. In spite of significant regulations designed to deter money laundering in the U.S. financial system, instituted shortly… Continue Reading

Assessing the macroeconomic impact of OTC derivatives regulatory reforms – Lunch remarks by Mr Stephen G Cecchetti, Economic Adviser and Head of Monetary and Economic Department of the BIS, prepared for the Emerging Markets Dialogue on OTC derivatives Johannesburg, South Africa, 12-13 September 2013. “Today I would like to discuss the findings of the Macroeconomic Assessment Group on… Continue Reading

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